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Long Range Financial Planning <br />I <br />Background and City Council Long Range Budget Policy <br />Each year, the City Council, in cooperation with various citizen study committees, staff guidance <br />and input from the business community, annually prepares an updated Capital <br />Improvement Program The expected capital expenditures for the current year (200) has <br />been thoroughly reviewed by the City Council in conjunction with the fiscal operating policies and <br />has been approved. <br />The remainingfour years (2002-2005) are best estimates at a current point in time and <br />represents what may be expected to be the of the city in those particular years.The City <br />Council policy is very clear that those items listed in the future years are for planning purposes <br />When the projects are approved for each appropriate operating year, then and onlv then will <br />only. <br />they be considered actually budgeted. <br />Capital Expenditure Trends <br />The trend throughout the City’s past Capital Improvement Programs typically shows higher levels <br />of proposed investments in public infrastructure.In reality, many of the proposed projects are <br />either cancelled or reduced in final scope so as to be within a normal range of $8-12 million <br />dollars of annual capital outlay, including infrastructure. <br />The 2000-2004 Capital Improvement Program totaled as compared to the current <br />2001-2005 Program, which is estimated at 17,975 <br />Most of the differences between the two Programs relate primarily to public facilities such <br />as a community center, public safety space and other governmental space upgrades. The current <br />Program has modified somewhat from earlier expectations as the Final Centre City Report has <br />been presented. <br />The Centre City Taskforce, which was made up of Roseville Citizens, had been formed by the <br />City Council in 1999, to review the current land of the Civic Center, which included the <br />City Hall, Public Works, the Skating Center and Fire Station No. <br />Broad source and use categories are shown in the charts on the next page.Summary information <br />and specific detail, including sources and expenditures by department, are on the following pages. <br />V-l <br /> <br />